The Labouchere betting system, also known as the cancellation system, is what is known as a negative progression system.
How the Labouchere System Works as a Means of Negative Progression
A negative betting system like the Labouchere system is one that requires bets be increased as rounds are lost. This is a system that comes with plenty of risk if you cannot bankroll it. You will want to ensure that you can see this system through before you start using it. You also need to ensure that the betting you are planning to be doing won’t go over the casino’s limit.
To determine that, look at the outside numbers you plan to bet. See if they exceed the casino’s set limit for bets. If using this system would put you over the casino’s limit, then you need to not use the Labouchere system, as it could cause you to lose a lot of money.
Understanding the Ladder
A progressive ladder is used in the Labouchere betting system. This ladder (also called a chain) is a series of numbers. These numbers tell you how much you will be betting each round in units. The units you use are up to you, though most people start with the smallest allowed bet or minimum bet allowed by the casino. To determine how much you are going to bet at the beginning, you add the outside numbers or first and last numbers on the list.
Once you place that first bet, you get rid of the first and last numbers on the ladder. This is how the system gets is name as the cancellation system. Each time you use two numbers, you cancel them out. If you managed to work through the whole ladder and cancel out all the numbers, then you should have a profit. If a bet resulted in a loss, then you add how much you lost onto the end of the chain. This is going to increase the amount of the next bet.
How to Choose the Numbers
The numbers in the chain all represent units bet. Once you have become used to how it works and have used it a little bit, you can have a better idea of how the numbers should be arranged. On your initial test runs of the system, you should start with low bets. A couple of low risk chains you can start with are 1, 3, 4, 5 and 1, 1, 2, 2, 3. The sequence of numbers you use is up to you, but you can see from these chains that the larger numbers are weighted near the end.
Putting It into Practice
Now this is a complicated system to use initially. You are going to have to do some practice before you are able to pull it off successfully and make it work for you. You want to practice at home initially, using a pen and a paper to keep track of the numbers you are using. You can also use free casino games online to try your system out without the risk of losing actual money.
Reversing the System
This is one of the betting systems that can be used two different ways. If you use the reversed Labouchere system you would be putting your wins onto the end of the number sequence instead of losses. Now this makes it a positive progression system, and you may want to try it this way to see if it works better for you.